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Antony Waste Handling Cell IPO opens today. Is it worth your money?

The company will offer fresh shares worth Rs 35 crore and will offer 57 lakh equity shares under Offer For Sale (OFS) category for reduction of the aggregate consolidated outstanding borrowings.

The shares of the company will get listed on the NSE and BSE on March 17, 2020.
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The shares of the company will get listed on the NSE and BSE on March 17, 2020.

Nikita Vashisht New Delhi
The Mumbai-based Antony Waste Handling Cell's initial public offer (IPO) opens today, which will stay live till March 6. The company, which is among India's top five municipal solid waste management players, plans to raise Rs 206 crore via the offer.

The company will offer fresh shares worth Rs 35 crore with 57 lakh equity shares under Offer For Sale (OFS) category for reduction of the aggregate consolidated outstanding borrowings of the company, and for general corporate purposes.

The price band has been fixed between Rs 295 - Rs 300, and bids can be made for a minimum lot of 50 equity